Bitcoin lately has been testing Patience of many traders and making holding longs way more fearful for many Traders.
I would like to Represent "The CONTRARIAN VIEW" for BTC in this Analysis.
--------------------- TWO BASIC GOLDEN MANTRA's in TRADING ---------------------
Before starting anything, I would like to discuss Two Concepts in Trading that are like...
If my idea about the daily demand providing a bounce proves correct. We want to remain cautious at these $9500 area levels for a possible smackdown.
The market would surely be euphoric reclaiming $9k, and just above it is the $9400 weekly level and these potential Fib retracement levels where we could see a rejection/possible short opportunity.
